What is vendor category in SAP BNS-CON - Concur?

SAP Term: vendor category

• Component: BNS-CON

• Component Name: Concur

• Description: A categorization of vendors according to the types of expenses they provide, for example, airline, car rental, hotel, etc.

Smart SAP Assistant

• Key Concepts: 
  Vendor category is a classification of vendors in SAP Concur that allows you to group vendors together for easier management. It is used to assign vendors to specific categories, such as “preferred” or “non-preferred”, and can be used to set up different payment terms for each category. 
  
  How to use it: 
  To use vendor categories in SAP Concur, you must first create the categories in the system. This can be done by going to the “Vendor Categories” tab in the “Vendors” section of the system. Once the categories have been created, you can assign vendors to them by selecting the appropriate category from the drop-down menu when creating or editing a vendor. 
  
  Tips & Tricks: 
  When creating vendor categories, it is important to consider how they will be used and what payment terms should be associated with each category. This will help ensure that vendors are properly categorized and that payment terms are set up correctly. 
  
  Related Information: 
  For more information on vendor categories in SAP Concur, please refer to the official documentation here: https://help.sap.com/viewer/product/CONCUR/en-US/bns-con-vendor_categories.html